You sure about that? I have a friend who thought that too but found out 7 years later that only a bankruptcy will disappear after 7 years, not just idle delinquint accounts. He needed to actually file for bankrupcy to make it go away. This was in Usa, NY; maybe it's different other places.
As a second "data" point: I have some accounts on my credit report that have not been touched in a decade+ yet they are still there (they are not delinquent).
I don't know why those situations didn't work out, and without more details, I won't bother to guess, but yes, I am sure because there's a few utility bills and two credit cards with a couple thousand each from about 20 years ago that are no longer a problem for me.
That's awesome! Just wanted to get you to take a second look in case you were as diligent as my friend but it sounds like
you're right, then!
Delinquent accounts without payment can be removed from your credit report by disputing with the credit bureau, with the exception of FEDERAL student loans. Filing for bankruptcy and having that on your record for seven more years seems like the worst possible way to deal with it.
Edit: in the USA
What are you disputing? You can dispute inaccurate or fraudulent marks on your credit.
You sure about that? I have a friend who thought that too but found out 7 years later that only a bankruptcy will disappear after 7 years, not just idle delinquint accounts. He needed to actually file for bankrupcy to make it go away. This was in Usa, NY; maybe it's different other places.
As a second "data" point: I have some accounts on my credit report that have not been touched in a decade+ yet they are still there (they are not delinquent).
I don't know why those situations didn't work out, and without more details, I won't bother to guess, but yes, I am sure because there's a few utility bills and two credit cards with a couple thousand each from about 20 years ago that are no longer a problem for me.
That's awesome! Just wanted to get you to take a second look in case you were as diligent as my friend but it sounds like you're right, then!
Delinquent accounts without payment can be removed from your credit report by disputing with the credit bureau, with the exception of FEDERAL student loans. Filing for bankruptcy and having that on your record for seven more years seems like the worst possible way to deal with it.
Edit: in the USA
What are you disputing? You can dispute inaccurate or fraudulent marks on your credit.